Schwab Reports Monthly Activity Highlights

Friday, June 13, 2008 5:45 am PDT

Dateline:

SAN FRANCISCO

Public Company Information:

NASDAQ:
SCHW

SAN FRANCISCO--(BUSINESS WIRE)--The Charles Schwab Corporation released its Monthly Market Activity Report today. Company highlights for the month of May 2008 include:

  • Net new assets brought to the company by new and existing clients in May 2008 totaled $12.2 billion.
  • Total client assets were $1.469 trillion as of month-end May, up 6% from May 2007 and up 2% from April 2008.
  • Client daily average trades were 304.7 thousand in May 2008, up 15% from May 2007 and up 3% from April 2008.

About Charles Schwab

The Charles Schwab Corporation (Nasdaq:SCHW) is a leading provider of financial services, with more than 300 offices and 7.2 million client brokerage accounts, 1.3 million corporate retirement plan participants, 344,000 banking accounts, and $1.5 trillion in client assets. Through its operating subsidiaries, the company provides a full range of securities brokerage, banking, money management and financial advisory services to individual investors and independent investment advisors. Its broker-dealer subsidiary, Charles Schwab & Co., Inc. (member SIPC, http://www.sipc.org), and affiliates offer a complete range of investment services and products including an extensive selection of mutual funds; financial planning and investment advice; retirement plan and equity compensation plan services; referrals to independent fee-based investment advisors; and custodial, operational and trading support for independent, fee-based investment advisors through its Schwab Institutional division. The Charles Schwab Bank (member FDIC) provides banking and mortgage services and products. More information is available at www.schwab.com.

The Charles Schwab Corporation Monthly Market Activity Report For May 2008
                                 
2007 2008

% change

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

Mo.

Yr.

 

Change in Client Assets
(in billions of dollars)

Net New Assets (1, 2, 3) 16.9 8.3 13.5 14.7 9.1 11.7 12.1 15.7 11.1 12.5 17.7 3.8 12.2 221%

(28%)(2)

Net Market Gains (Losses) (3) 30.4   (13.2 )   (26.4 )   4.4     41.8     31.4     (50.4 )   (15.7 )   (60.6 )   (17.8 )   (15.4 )   42.1   17.8  
 

Total Client Assets (2)
(at month end, in billions of dollars)

1,388.5   1,383.6     1,370.7     1,389.8     1,440.7     1,483.8     1,445.5     1,445.5     1,396.0     1,390.7     1,393.0     1,438.9   1,468.9   2% 6%
 

New Brokerage Accounts
(in thousands)

64 58 62 64 57 75 74 78 94 69 83 94 67 (29%) 5%
 
Clients (at month end, in thousands)
Active Brokerage Accounts 6,859 6,880 6,898 6,922 6,940 6,974 7,013 7,049 7,093 7,119 7,162 7,206 7,232 -- 5%
Banking Accounts 165 177 187 200 212 229 247 262 286 302 318 332 344 4% 108%
Corporate Retirement Plan Participants 1,128 1,138 1,169 1,167 1,169 1,182 1,185 1,205 1,256 1,263 1,271 1,284 1,286 -- 14%
 
Market Indices (at month end)
Dow Jones Industrial Average 13,628 13,409 13,212 13,358 13,896 13,930 13,372 13,265 12,650 12,266 12,263 12,820 12,638 (1%) (7%)
Nasdaq Composite 2,605 2,603 2,546 2,596 2,702 2,859 2,661 2,652 2,390 2,271 2,279 2,413 2,523 5% (3%)
Standard & Poor's 500 1,531 1,503 1,455 1,474 1,527 1,549 1,481 1,468 1,379 1,331 1,323 1,386 1,400 1% (9%)
 

Clients' Daily Average Trades
(in thousands)

Revenue Trades (4) 225.1 218.1 259.5 266.2 231.5 277.3 297.2 250.7 311.2 242.7 268.1 250.6 258.4 3% 15%
Schwab Investor Services (5) 21.4 16.7 20.3 20.5 21.3 20.1 21.1 23.4 24.8 21.9 23.1 22.2 24.1 9% 13%
Schwab Institutional® (5) 17.3 15.8 18.9 20.2 17.4 20.1 24.9 22.2 32.0 23.5 28.0 21.5 20.9 (3%) 21%
Schwab Corporate & Retirement Services (5) 1.2   1.1     1.4     1.2     1.2     1.2     1.2     1.4     1.5     1.3     1.3     1.2   1.3   8% 8%
Total 265.0   251.7     300.1     308.1     271.4     318.7     344.4     297.7     369.5     289.4     320.5     295.5   304.7   3% 15%
 

Daily Average Market Share Volume
(in millions)

NYSE 1,543 1,635 1,662 1,883 1,378 1,324 1,630 1,320 1,927 1,514 1,727 1,310 1,218 (7%) (21%)
Nasdaq 2,114   2,192     2,226     2,334     1,921     2,166     2,367     1,900     2,696     2,344     2,294     1,982   2,069   4% (2%)
Total 3,657   3,827     3,888     4,217     3,299     3,490     3,997     3,220     4,623     3,858     4,021     3,292   3,287   -- (10%)
 

Mutual Fund Net Buys (Sells) (6)
(in millions of dollars)

Large Capitalization Stock 179.2 376.5 496.2 26.8 337.0 240.6 (327.5 ) (130.3 ) (721.5 ) 819.1 (69.3 ) 689.1 738.5
Small / Mid Capitalization Stock 247.1 247.5 155.3 (362.7 ) (2.9 ) (73.8 ) (641.9 ) (1,009.5 ) (1,168.7 ) (17.2 ) (410.0 ) 10.9 215.8
International 874.2 719.5 994.6 235.7 663.1 842.2 (80.6 ) 262.5 (800.2 ) 283.1 (229.8 ) 262.1 800.7
Specialized 259.4 62.9 (5.8 ) (289.1 ) 78.6 154.3 (191.3 ) (132.1 ) 53.0 206.6 (230.2 ) (20.7 ) 164.4
Hybrid 438.6 302.9 190.1 (47.4 ) 202.1 179.6 117.9 199.2 202.0 601.8 457.2 457.1 405.7
Taxable Bond 2,132.9 1,148.7 388.6 (1,908.9 ) 98.1 953.3 (379.4 ) (585.3 ) 1,407.0 1,047.6 (845.3 ) 582.0 1,113.1
Tax-Free Bond 465.0 204.7 169.4 (267.4 ) 111.1 96.7 (152.1 ) (519.1 ) 204.1 (31.6 ) 10.9 158.6 459.4
Money Market Funds 3,751.1 829.9 3,512.0 6,490.9 876.8 4,280.3 8,244.8 7,942.0 7,632.2 3,996.8 5,478.6 (7,347.2 ) (3,956.8 )
 
 
(1) August 2007 includes an inflow of $3.3 billion, related to a mutual fund clearing services client.
(2) Effective May 2007, amount includes balances covered by 401(k) record keeping-only services, which totaled $5.2 billion at May 31, 2007, related to the March 2007 acquisition of The 401(k) Company.
(3)

Effective August 2007, amounts include the Companys mutual fund clearing services business daily net settlements, with a corresponding change in net market gains (losses). All prior period amounts have been recast to reflect this change.

(4) Includes all client trades that generate either commission revenue or revenue from principal markups (i.e., fixed income); also known as DART.
(5) Includes eligible trades executed by clients who participate in one or more of the Company's asset-based pricing relationships.
(6) Represents the principal value of client mutual fund transactions handled by Schwab, including transactions in proprietary funds. Includes institutional funds available only to Investment Managers.

Contact:

Charles Schwab
Greg Gable, 415-636-5847 (Media)
Rich Fowler, 415-636-9869 (Investors/Analysts)

Corporate Public Relations
Contacts for Journalists Only

 

888-767-5432

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